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Mint.On Friday, the National Bank for Agriculture and Rural Development (Nabard) raised about ₹6,000 crore through one-year CDs at 7.35%, around 25 basis points (bps) higher than interest rates seen a week ago.“For a three-year paper, Nabard was willing to pay 7.50%, but the demand was at 7.60-7.70%, so they did not raise funds through three-month maturity but raised one-year paper, and if rates are high, they will borrow short-term,” a senior treasury official said on the condition of anonymity.Treasury officials expect more companies to tap the money market after Nabard, but warn that even short-term borrowing will be challenging.Since the beginning of the month, interest rates on three-month CDs, issued by scheduled commercial banks and select all-India financial institutions (AIFIs), have risen by 25-50bps to 7.30-7.80% as of 13 March, while one-year CD rates have increased by about 25bps to 7.15%, according to data from Derivium Tradition Securities India Pvt. Ltd.Rates on three-month CPs issued by non-banking financial companies (NBFCs) have jumped by 45bps to 7.55-8.05%, while those with one-year maturities have risen by 25-30bps to 7.50-7.60%.Typically, short-term interest rates rise in March due to seasonal fiscal-year-end factors, as banks and financial institutions step up funding activity to maintain liquidity amid tax outflows.“Because of advance tax outflows and goods and services tax (GST) outflows, it was expected that short-term rates would go up, but signs are visible that, despite RBI’s liquidity injection through open market operations, short-term rates have spiked,” the treasury official added.So far, the central bank has conducted two auctions of ₹50,000 crore each.

₹23,000 crore, based on unlisted share prices. A large syndicate of bankers will also help widen investor outreach and support book-building for the offer.At current unlisted valuations and the indicative offer size, NSE’s IPO could become India’s largest ever.

Ambuja Cements Ltd, which was acquired by the Ahmedabad-based conglomerate in September 2022, told analysts at a plant visit last week that it will not rush into expansions at the expense of margins. The company was open to pushing back its FY28-end target of achieving 155 million tonnes per annum (mtpa) capacity by a couple of years as it looks to increase the utilization of its existing capacity.

The US fiscal outlook continues to worsen. The non-partisan Congressional Budget Office (CBO) projects the country will run annual budget deficits of about 6% of GDP per year over the next 10 years. This would push the total federal debt burden (relative to the size of the economy) to new highs, far exceeding the peak before World War II.Several factors are at play.

India’s recalibration of its approach to Chinese investments marks an important moment in the evolution of India-China economic ties. The revised framework under Press Note 3 (PN3) signals a pragmatic attempt to balance India’s strategic and security considerations with the economic opportunities that carefully structured investment from China could bring.

Cross-border payments are a relatively new but fast-growing fintech segment in India, with the Reserve Bank of India’s (RBI) payment aggregator–cross border (PA-CB) framework drawing in a new crop of startups alongside larger payments firms looking to build export and import payment rails. Firms such as Skydo and BriskPe have secured RBI approvals in recent months, while Razorpay and Cashfree are also expanding in the category, reflecting the size of the opportunity in a market tied closely to India’s trade flows.India’s trade exposure makes the segment worth watching closely.

₹1,250.10 apiece on 2 February. However, the stock is still about 6% down in the past two weeks since the West Asia conflict began.

“The truth is, these are not very bright guys, and things got out of hand.”—All the President’s MenAmerican Senator Chris Murphy of Connecticut, a Democrat and member of the Foreign Relations Committee, took to social media Tuesday night to share takeaways from a classified briefing the White House shared with him and other legislators about the Iran war.“I obviously can’t disclose classified info, but you deserve to know how incoherent and incomplete these war plans are,” he noted, emphasizing that regime change in Iran is no longer in the cards. “They are going to spend hundreds of billions of your taxpayer dollars, get a whole bunch of Americans killed, and a hardline regime—probably a MORE anti-American hardline regime—will still be in charge.”Murphy also said US President Donald Trump’s administration no longer intends to destroy Iran’s nuclear weapons programme.

trading. In this case, the individual will be the broker.Providing funding to clients using prop books is a way of earning money for some brokers who were not able to capture retail clients, added the second person.

government bond eased from Tuesday as the Reserve Bank of India (RBI) purchased government securities to inject liquidity. The 10-year yield ended Thursday at 6.66%.

The Beatles, the move underscores a long-standing reality: the Hollywood game remains fairly hard for Indian stars to crack.While the American entertainment industry appears inclusive and casts diverse faces, the resources and effort required to audition and secure a talent agency to represent them are beyond the reach of many Indian actors.“One reason may be simply lack of access. Another is that many actors are doing very well here; they have a strong run of films, they're surrounded by their people, they're celebrated, they're treated a certain way,” said Harikrishnan Pillai, chief executive officer (CEO) and co-founder, TheSmallBigIdea, a digital marketing agency.

₹1,549 a month on Furlenco. The platform also offers an option to buy it for ₹32,500, which is roughly equivalent to 21 months of rent.

I have been visiting India for more than 40 years and speaking publicly about climate change for more than 25. Over that time, India’s transformation has been extraordinary. Few nations have had such rapid economic growth, technological progress and social change in such a short period.

Aster DM Healthcare India Ltd has secured approval from its shareholders and unsecured trade creditors for its amalgamation with Blackstone-backed Quality Care India Ltd more than a year after the deal was announced.The voting was held on 10 March, and the results were declared on 11 March. The deal was announced in November 2024.The merger was approved by 96.68% of shareholders and all unsecured creditors, stock exchange notifications from Wednesday showed.Aster's deputy managing director Alisha Moopen told Mint that the merger is expected to be completed in the first quarter of fiscal 2027.Aster and Quality will merge via a share-swap ratio of 977 shares of Aster for every 1,000 shares of QCIL.Aster shareholders will hold 57.3% and QCIL shareholders 42.7% in the merged entity — Aster DM Quality Care, which will be the new name for current listed entity Aster DM Healthcare.Blackstone will be the largest shareholder in the merged entity with 30.7% shareholding, followed by Aster’s promoters (the Moopens, 24%).

It is welcome that India is liberalizing inward investment from countries that share a land border with India. Investments up to 10% of a company’s paid-up capital that involve no board-seat control will be allowed under the automatic route. Investment proposals that need government approval would also be fast-tracked for nods within 60 days in specified sectors, including the manufacture of capital goods, capital goods for electronics, electronic components, polysilicon and the conversion of polysilicon into ingots and their slicing into wafers.

New Delhi: The government has initiated a study to review and revise India’s workplace social accountability standard, a move that could shape how companies structure compliance and governance practices as the country prepares to operationalise its new labour codes, said two government officials.The Bureau of Indian Standards (BIS) has commissioned research to examine whether amendments are needed to its existing Social Accountability at the Workplace norms, which set out requirements for organisations to establish policies, procedures and practices related to ethical conduct and workers’ welfare, the officials said, speaking on the condition of anonymity.The study will assess the relevance of the existing framework in light of recent policy and regulatory changes aimed at strengthening labour protections, the first of the two officials said.Mint reviewed the terms of reference for the research and development (R&D) project. These include reforms relating to child labour, forced labour, anti-discrimination provisions, whistleblower protection, data privacy and workplace safety, this person said.“Updating the workplace social accountability standard is important at a time when India’s labour regulations are undergoing major changes,” said Sumita Dawra, former labour secretary.

DGCA), and uploaded on its website, has proposed that foreign carriers register on the civil aviation ministry’s e-governance portal and submit applications online to obtain operating authorization before launching flights to India.Such approvals are currently largely handled through correspondence-based submissions to the regulator, with documentation requirements determined on a case-by-case basis. The new system aims to replace that with a uniform portal-based process."An airline shall register itself on E-Governance of Civil Aviation portal… by creating unique login ID and password (Login Credentials) and providing ....

airlines are required to deploy an additional pilot. This typically means operating the flight with an augmented crew consisting of a captain and two first officers.The aviation safety regulator is conducting a safety assessment and could possibly agree to grant such exemptions, according to the official quoted above.

Late last month, the US Department of War labelled Anthropic, creator of the artificial intelligence (AI) system Claude, “a supply chain risk,” and began taking steps to remove it from all use in the department, including by contractors and subcontractors to its roughly $1 trillion annual spending. There are news reports that no company that does work with the Pentagon will be allowed to engage in “commercial activity” with Anthropic. President Donald Trump called Anthropic a “radical left, woke company” that he “fired… like dogs.” OpenAI, the creator of ChatGPT and leading system in the AI race, swooped in within a day.

₹8.44 trillion) universe and, like several other MNCs, is its fastest-growing market.And now, after years of waiting, the one missing ingredient in India may finally be arriving for Siemens. The government's reductions in income tax and good and services tax (GST) rates are beginning to stir private consumption, and Mathur believes that by April the first real signs of a revival in private sector capital expenditure should be visible.The investment community has taken notice.

Mumbai: India’s lightly regulated market for pre-IPO shares is back in focus after the Enforcement Directorate (ED) launched a probe into the alleged sale of unlisted National Stock Exchange shares, a case that is renewing calls for tighter oversight of the fast-growing segment.Last week, ED conducted searches at eight locations in Mumbai and Chennai as part of a money laundering investigation linked to the sale of shares of NSE, which is set to hit the public markets soon. The action targeted entities, including Atum Capital Pvt.